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For several decades, so-called “experts” and economists who worked closely with the mainstream media have helped to push forward narratives controlled by the elites, which disregarded our true problems and redirected people’s attention to other issues that served as a smokescreen. They have effectively helped to keep millions of Americans in the dark when it comes to our our true economic conditions. But thanks to some dissonant voices who have been brave enough to speak up, many of us started to see things how they really are.
That’s why we always report alternative opinions of experts, economists, industry leaders, executives and workers who expose the reality the mainstream media doesn’t. These are the ones actually helping to combat disinformation. They incite people to become critical thinkers and question what is truly going on behind the covers. Writer and economic analyst Brandon Smith is one of them. In a recent brilliantly written article, Smith highlights why now more than ever is time to wake up and prepare for the economic collapse no one thinks possible.
The mainstream media always portrayed the Fed as the “savior” of the U.S. economy, and policymakers as “heroes”, arguing that the bank’s measures allegedly helped to prevent an economic collapse. But instead of using real economic indicators as a measure of economic health, they pointed to the stock market as proof the economy was booming. Of course, stock markets are largely benefited by Quantitative Easing policies, which push stocks to skyrocket, especially in times of crisis, like what happened during the 2008 credit crash. But as Smith notes, “reality isn’t a mainstream media story. The U.S. economy isn’t the stock market.”
Ultimately, all the Federal Reserve managed to acomplish was to forge a devil’s bargain: “Trading one manageable deflationary crisis for at least one or more highly unmanageable inflationary crises down the road. Central banks kicked the can on the collapse, making it far worse in the process,” he explained. Right now, the U.S. economy is in a very fragile state. Everything is gradually falling apart because these policies are starting to falter. In essence, without the Fed’s easy money, the stock market boom rapidly transforms into a burst. The last time the Fed flirted with tapering in 2018, we all seen how fast markets overreacted.
For a long time, the writer has been warning that bankers would use a cover event to hide their calculated economic attack, in that eay. they wouldn’t be held accountable for the resulting disaster. Needless to say, the health crisis, strict lockdowns and supply chain bottlenecks have effectively provided that cover event. After the health crisis started, the Fed expanded the U.S. money supply exponentially. In two years, it injected more than $6 trillion in the economy through stimulus checks and helicopter money. To make things worse, the new administration is planning to issue another $1 trillion spending plan even though it just passed a very expensive infrastructure bill.
When inflation becomes rampant, the Federal Reserve may be forced to aggressively raise interest rates in a short span of time. Consequently, that will cause “an immediate slowdown in the flow of overnight loans to major banks, an immediate slowdown in loans to large and small businesses, an immediate crash in credit options for consumers, and an overall crash in consumer spending”. According to official consumer price index (CPI) calculations and data released by the Fed, we’re experiencing the fastest inflationary surge in over 30 years. But the story behind the data is much more alarming.
What we’re witnessing today is the culmination of several years of central bank stimulus sabotage and multiple administrations coming in and out and supporting multiple dollar devaluation measures. The new administration is just the one that will put the final nail in the coffin of the U.S. economy. Painful price spikes in essential goods and services are accelerating poverty, food insecurity and homelessness. It’s simply impossible for wages to keep up with such skyrocketing costs. At this stage, the mainstream media can’t hide the fact that stagflation is already happening and it poses a major threat to the economy and our lives.
The truth us that those in a vulnerable position, stricken by homelessness and food insecurity, are more likely to accept the establishment’s draconian solutions. That’s why the government is letting so many people fall straight into poverty. That’s how they break us to rule us. It’s urgent that we spread this message, because each prepared person is an obstacle to authoritarianism. Now, more than ever it’s time to decide which side you’re on.
https://www.epiceconomist.com”
